ERF Wireless Continues Restructuring Efforts

LEAGUE CITY, TX--(Marketwired - Sep 15, 2016) - ERF Wireless Inc. (OTC PINK: ERFB) today announced that it intends to engage the firm of Asset Econometrics Inc. (AEI), a Dallas-based turnaround and workout company, to evaluate the company and its options regarding the possibility of debt restructuring and/or bankruptcy. The company has significantly declined due to the major drop in oil prices and has over the past two years sold off some of its assets to shed itself of a major debt burden but continues to be in financial distress. In addition to the evaluation of the company's current options, AEI will also provide its suggestions to the company as to how it may move forward in the future. AEI will also be talking to the creditors of the company to assess the possibility of completing a non-judicial restructuring without the necessity of a Chapter proceeding. Please visit our website at www.erfwireless.com and or call 281-538-2101. (ERFWG). For further information call Wade Westheimer 214-280-1975.

Forward-Looking Information:

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